1-4-2025 – XRP’s trajectory has encountered significant headwinds, marking a sustained decline over six consecutive trading sessions that has captured the attention of digital asset traders.
The cryptocurrency touched a concerning milestone yesterday, dropping to $2.026, its lowest valuation in three weeks. While the dawn of 2025’s second quarter brought a modest rebound to $2.09, followed by a tepid 1.7% recovery to $2.125 during Asian and European trading hours, the overall technical structure remains worrisome, with the asset trapped within a descending triangle pattern that has persisted for four months.
Particularly telling is the behaviour in derivatives markets, where perpetual futures funding rates have turned decidedly negative. The current rate of -0.14% per eight-hour interval, accumulating to a 0.3% weekly cost, signals a growing appetite for bearish positions among traders. This metric serves as a critical barometer of market sentiment, suggesting diminishing confidence in XRP’s near-term price trajectory.
The technical landscape presents additional causes for concern, with both daily and four-hour Relative Strength Index readings firmly established in bearish territory. This technical weakness is particularly significant as the asset struggles against formidable resistance at the $2.26 level, a price point that could prove crucial in determining XRP’s immediate future.
Market observers are closely monitoring the possibility of a retreat to March’s low of $1.9, as the convergence of technical indicators and deteriorating market sentiment suggests further downside potential. The current market structure, characterised by persistent selling pressure and waning buyer interest, indicates that XRP faces a challenging path to recovery in the immediate term.
